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Search Results 0 to 19 of about 20 (some duplicates have been removed)
that the ntsb will probably take a look at all these electrical issues and try to determine if there is some sort of pattern. >> reporter: that is exactly what is going on. n.t.s.b. has launched an investigation into the airworthyness of the 787, three of their investigators are joined by experts from boeing, japan airlines and faa. the big gamble for the dream liner has yet to pay off, after selling 800 planes, they have cost overruns and quality issues. it could be years before the plane turns a profit. the stock is taking a hit. down more than 3% since the fire yesterday. >> neil: dan just hit on it. this plane is supposed to be the next big thing. more than 800 have been ordered. to industry expert, how serious this is, should we worry? >> we should worry and boeing should worry. but the ntsb is investigating but we have a split problem here. before they start delivery of the plane to customers, you expect some problems but once in the aircraft are in the hands of customers and there are 47 out there now, there have been a number of problems more than what you would usually expect. the f
. the ferry was in route from new jersey. the ntsb is investigating and ty, there is a very personal situation because one of the gentlemen wlos been critically injured in that ferry accident is johnny. we know him here as johnny utah. he works for barclays here at the new york stock exchange. we understand he is in surgery and we wish him and his family all the very best. we will be thinking about him and praying for him. very somber mood down here. a number of people who work on this floor, ty, were hurt. >> i believe including one of the other freedom rider of that ferry is matt who joins us from time to time. >> yes. >> i don't know if matt is there today. but some 50 people injured. at least two in the news reports, including individuals you just mentioned. >> johnny utah. >> we wish them well as they go through recovery of course. >>> up next, boeing and push back. phil la la bow has more. phil? >> he is a hundred percent comfortable the dream liner is safe to fly. we will have more when "power lunch" returns. [ male announcer ] this is joe woods' first day of work. and his new boss told
. clearly that's not happening today. with regard to the incident yet. ntsb tells me they expect to have an update on that investigation later today. we were talking with airlines earlier today and they said, listen, dreamliner flights have continued as scheduled. we know there's an issue with the one that was just about to take off from boston. take a look at the number of issues we've seen with the dreamliner over the last month of remember, it was just at the beginning of november that united did the first domestic flight for the dreamliner. highly regarded flight, got a lot of attention. a month later an emergency landing in new orleans after reporting mechanical problems. a few days after that, cutr air had to ground 787 jets due to what they say was a faulty generator. united grounding four due to an electrical planl panel and a fire in boston. there's a lot of headline risk right now. >> they have confirmed it is a 787. i don't know if we still have that live shot available but let's put it up while we talk about this. there you go, logan airport. what do they have to do? they hav
the incidents of smoke and fire on the planes. our aviation expert, peter goelz, a former ntsb managing director has been following this story with us since the start and he is back now with this latest development. peter, i want to you to put your ntsb hat back on for a second here. if you find out that they knew that they had 10 batteries that had problems, that japanese airline told them they had to replace 10 batteries did they do something wrong by not disclosing it or by not addressing the problem right there? >> well here's the issue. it is not just 10 batteries. that is 10 batteries from one of the airlines the second airline using the japanese airline, using the dreamliner also had problems. they were not required to turn these events over to the regulator in japan or in the u.s. we have pages of regulations. this was seen as kind of a minor or normal maintenance issue. the real question is, both airliners reported their problems to boeing. they said we had to change out, in one case 10 batteries. in another case we don't know how many. the question is, whether boeing was connecting the
that the ntsb investigation is focused on. christine romans with a look on that. richard quest in davos to explain a little about that as well. christine, you start with me. >> we can see the picture of this charred battery on a boston plane. the ntsb, giving us an up close and personal look at the battery involved. no battery should look like this. the ntsb trying to get to the bottom of an engineering mystery. remember, the faa allowed boeing to use lithium ion batteries. the light fuel-efficient plane is supposed to save airlines a ton of money on long-haul flights. no dreamliners in the air right now. boeing says we're working this issue tirelessly in cooperation with customers and the appropriate regulatory and investigative authorities. it is still a mystery. the ntsb laying out this charred battery,ingi reporters what they are digging into. >> richard quest is in davos. beautiful behind you. tell us about the presser? pretty remarkable. battery charred, on the table. >> oh. the pictures are absolutely remarkable of what the battery looked like and not only that but also the damag
to get to it on boeing. phil, over to you. >> we've heard from the ntsb, expecting an update from them. they have at least an initial report regarding the fire investigation of that 77 dreamliner in boston yesterday. the ntsb saying that they have decided they are going to send two more investigators to look at the dreamliner in question and that at least initially taking a look at the fire in question they found severe fire damage to the battery of the auxiliary power unit. remember, the auxiliary power unit is what is used to provide power to an airplane when it is parked on the tarmac, not while it's in flight so the battery unit, severe fire kagge there, and it's pretty clear, scott and maria, that we are going to see more airlines, if they haven't already, they are going to start checking their wiring on the battery unit. i just spoke with the folks out of ana in japan. they have a number of dreamliners, checked theirs overnight at the urging of the ministry of transportation in j.i just talked with united airlines. it has checked the battery power wiring on all of its dreamliners
are onboard that plane and cleaning crews onboard that plane and they detected some smoke. ntsb investigating and responded and the investigation is focused on the battery unit where the fire was centered. officials say that the fire was the more serious unit. and they do not believe that this will ground the dream liner fleet. larry? >> all right. many, many, thanks we appreciate the update. by the way, it is becoming a stock market story. boeing stock shares fell. switching gears now. the debt ceiling may expire as early at february 15th. so, i want to know, if republicans are still embar ked on a government shut down no debt ceiling hike ckamakze mission. if the gop keeps talking about a shutdown and no debt ceiling. this is a mission of the first reign. >> i think it s considering that the white house has said repeatedly including today. that president obama is not willing to negotiate with the debt ceiling at all. but you do have senator mitch mcconnell coming out over the weekend saying that he is not all the way for a government shut down but it might be on the table. you have ted cruz
dreamliner, telling reporters they're still evaluating the idea. the ntsb says the battery pulled from a dreamliner showed signs of thermal damage. michael boyd tells us he's never seen an investigation like this. he says the faa has egg all over its face. >>> it's been 538 days since the country lost its top credit r e rating. what are we going to get back? the imf says the economy will grow by 2% and the u.s. needs to work on entitlement reform. >>> our fourth story, women on the front line. a ground breaking decision from the pentagon. cnn has learned that defense secretary leon panetta will announce a lift on the ban against women serving in combat positions. this is pretty incredible. this move could open up 230,000 front line jobs to women in the military. "outfront" tonight, rosa brooks, a columnist for foreign policy and has worked in the pentagon under the obama administration and david frum, former speech writer for george w. bush and critter for us. right now, 40% of active duty are women. this could be hundreds of thousand of jobs suddenly would be open to women. am i righ
coming from reute reuters, but the ntsb according to the "wall street journal" is reporting that the japan airlines boeing 78 787 suffered severe damage. liz claman standing by in las vegas for the latest on 50 cent and the power players. how are you doing? liz: we are doing so well, we're iweare in the south hall right . if you look around, this is the area they do a lot of audio. the big crowds everywhere, all different kinds of companies, some very well-known, all day long we are absolutely going to be bringing you the guests, the real entrepreneurial spirit. 1.8 million square feet. a lot of crowds, 3100 exhibitors. we won't know it if it is a record year. 780 wireless companies alone, a huge show, the biggest gathering of technology, entrepreneurs, celebrities of a companies all in the high-tech world which has gotten so big it comes to personal electronics. let's start with the floor show. last friday was a pretty good multiyear rally. what do you make of what is happening today? >> we start the earnings season after the close with alcoa, stocks are priced to perfectio
is on the scene for us. alison, how did this happen? >> that's what crime scene investigators and ntsb are trying to figure out. there's going to be a press conference in minutes given by the ntsb. everyone is trying to figure out how this ferry carrying 300 passengers crashed into the dock in new york be city around 8:45's this morning. not only did it send passengers flying in the air inside this boat, it's caused a huge gash in the hull of the boat itself. the coast guard says a tracking device shows that this vessel was coming in too fast, that it was coming in up to 15 miles per hour, which the coast guard official says is too fast when you're docking a boat. we did talk with the head of the company who says that the captain who was at the control of this vessel was in control or in command of this vessel when it did crash hitting one loading dock and then hitting a second loading dock. this captain, by the way, has been with this company for about ten years. a breathalyzer was performed on the captain. it came back negative and preliminary breathalyzers were conducted on five crew members a
was traced to a battery in the plane's auxiliary power unit. the ntsb says the battery suffered severe fire damage. by the way, they sent two more investigators there. we have checked with airlines that fly the dreamliner. many say they have checked the battery and the wiring. boeing also issuing a statement today saying with regards to the fire investigation, nothing that we've seen in this case indicates a relationship to any previous 787 power system events, all of those relating to electrical concerns on the dreamliner. meanwhile, like deja vu in boston, a jal dreamliner suffered a fuel leak on the boston runway losing 40 gallons of jet fuel before it returned to the gate. they fix that had fuel leak t.eventually took off n.december the faa ordered dreamliner fuel lines be properly install. one of those stories where there's a lot of headline risk. shares of bothering over the last two days this. stock has been absolutely pummeled. the market cap fall, $2.7 billion, by the way, dropping two bucks today, another 2.5%, so there is a lot of headline risk out there right now when you look a
. >> just that, maria, there's more to come. >> yeah. >> this is an investigation with the ntsb going on so stay tuned, so to speak. >> thanks, gentlemen. appreciate it. we'll leave it there and follow this very important story. >> up next, vegas, baby. mobile mania sweeping the consumer electronics show. our tech reporter jon fortt smack dab in the middle of it all. back to sin city live in just a minute. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ office superstore ink retailer in america. now get $6 back in staples rewards for every ink cartridge you recycle when you spend $50 on hp ink. staples. that was easy. when you spend $50 on hp ink. and you wouldn't have it any other way.e. but y
't know right now. so i know they're saying that. but we have the faa all over the airplane, the ntsb all over the airplane. i think the risk for the -- i see two camps on this stock. you have the teethers, those who believe everything is a teether problem, and the tip of the icebergers saying could this be something else. i think with this investigation going on and the faa already actively on the airplane, it will be difficult to take event, especially if it's a severe event, and say, this is fine, this is fine. long term they're going to sort it out. i agree with what jim cramer said, i'm in the same camp that said, why not do a derivative play on this story, if you have more risk maybe someone like spirit aero systems. >> at what point do you say this is the point of fear of investors are running? that's the time to get in the stock. we've seen that in different scenarios, that we don't know what we don't know, as you said. that is exactly the time you wanted to go in. what's going to make that turning point for you, do you think? >> well, i have to say, because there's a formal inves
's going to make a lot of people nervous. the ntsb is now investigating the 787 on the tarmac at logan airport yesterday morning, catching fire, after the plane had landed. the crew and the passengers had all deported. the fire was found in a compartment with batteries and electrical components. and again the passengers and crew were not on board during the fire. but this is the fourth incident since november or since december 4th where we've had a problem with the dreamliner. now remember united had its first domestic 787 flight back on november 4th. just a month later united had a flight from houston to newark, it made an emergency landing in new orleans. after experiencing mechanical problems, a loss of power. qatar air on december 9th said it grounded one of its 737 -- or 787s because of a faulty generator. similar problem, loss of power in flight. and then on december 14th, united grounds two of its four dreamliners due to problems with an electrical panel and then finally, yesterday you have the emergency crews responding to a 787 fire at logan airport. now the dreamliner, and th
and it was a model from the 1960s. the ntsb is investigating what happened. he says really it was a matter of minutes before that rescue could have turned into a recovery. wolf? >> they are both very, very lucky indeed. mary, thanks for that report. appreciate it very much. they are. >> so lucky. that instructor, what a hero in trying to get out of that plane. >> amazing. >> oh, my god. i have goosebumps thinking about how cold that water is. oh, my goodness. very, very lucky. >>> still ahead, here's a question for you. what do doughnuts and marriage proposals have in common? ponder that one. jeanne moos will have that next. ♪ good morning, turtle. ♪ my friends are all around me ♪ my friends, they do surround me ♪ ♪ i hope this never ends ♪ and we'll be the best of friends ♪ ♪ all set? all set. [ male announcer ] introducing the reimagined 2013 chevrolet traverse, with spacious seating for up to eight. imagine that. >>> fair warning, friends. look away now if you are afraid of heights. that is nick wallenda keeping up his family tradition of daredevil stunts. he successfully walked ac
the faa. we're waiting to see the results of the ntsb investigation to make a decision about what it all means. so frankly, we're saying to investors is, look, we can't say with any conviction level that there's a certain entry point where we want to jump in here and buy. what we want is more data. if you own boeing shares here, i think you hang on. i think the long-term outcome of this is that they will sort through the problems. you can see airbus this morning expressing confidence that they think boeing, their competitor will sort through the problems. but right now, you know, you're dealing with emotion and you're dealing with news flow, which is very hard for investors to forecast. >> there but for the grace of god for airbus. they're not going to crash airbus. >> look the safety of all things for airplane manufacturers, the one thing they can all agree within, the one thing they share data on, the one thing they're all committed to is safety. >> if it leaks out of the battery and has a weird smell, it's not a fire. >> yeah, that's really the important thing about what happened yest
said, the fire at logan is a unique example and the ntsb is investigating but i think trying to connect this event to other events is pure speculation at this point. we don't have a lot of data. >> have you seen any sign that production might be interrupted, slowed down if, in fact, they have to address the things along the production line? >> none whatsoever. >> because as the journal points out today, you get paid upon delivery and worst-case scenario would begin to avoid cash flow if they were delayed. >> yeah. look, the central bull thesis for boeing shares is about the large amount of cash the company will generate over three or four rates and with the 787 ramping up to very high levels to meet customer demand. if we were to call in to question that cash flow, that weighs against the bull thesis. we don't have any data to suggest that will happen. the planes are still flying and i would say these sorts of teething problems are normal for new planes. we have them on the a-380 and we have to wait and see and we need more data and not calling in to question the long-term fundamentals.
Search Results 0 to 19 of about 20 (some duplicates have been removed)